Stock Movers

On this episode of Stock Movers:
- Shares of Live Nation (LYV) sank on Wednesday after a jury found that the Ticketmaster parent had acted as an illegal monopoly over the ticketing industry, according to reports. Live Nation (LYV) did not immediately respond to a request for comment. Shares were down 6.3% on Wednesday
- Shares of telehealth firm, Hims & Hers (HIMS) climbed as much as 11% on Wednesday after HHS Secretary Robert F. Kennedy Jr. said the FDA is seeking to remove 12 peptides from Category 2 restrictions.
- Allbirds (BIRD) shares are surging Wednesday morning after the company said it signed a definitive agreement for a $50 million convertible financing facility and plans to pivot into AI compute infrastructure following its previously announced sale of the Allbirds brand and footwear assets to American Exchange Group. The company's stock went up as much as 461% after the opening bell in reaction to the announcement.
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On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- Allbirds (BIRD) shares are surging Wednesday morning after the company said it signed a definitive agreement for a $50 million convertible financing facility and plans to pivot into AI compute infrastructure following its previously announced sale of the Allbirds brand and footwear assets to American Exchange Group. The company's stock went up as much as 461% after the opening bell in reaction to the announcement.
- Snap (SNAP) shares rise as much as 8.9% on Wednesday, after the social-media company announced layoffs of roughly 1,000 full-time employees, or 16% of its global workforce, to reduce costs and achieve profitability, that analysts see as positive. The job cuts and pullback on hiring will reduce Snap’s annualized cost base by more than $500 million by the second half of this year, according to Chief Executive Officer Evan Spiegel.
- Shares of Live Nation sank on Wednesday after a jury found that the Ticketmaster parent had acted as an illegal monopoly over the ticketing industry, according to reports. Live Nation (LYV) did not immediately respond to a request for comment. Shares were down 6.3% on Wednesday.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Morgan Stanley (MS) shares rise. Morgan Stanley's stock traders had a record-breaking first quarter, with $5.15 billion from equity trading in the first three months of the year. The firm's wealth business pulled in $118.4 billion in net new assets, and investment-banking fees climbed 36% in the quarter to $2.12 billion.
- Robinhood (HOOD) shares soar. Exchange stocks are rising after the US Securities and Exchange Commission approved a plan to remove $25,000 minimum equity requirements for day traders.
- Allbirds (BIRD) shares surge. Allbirds Inc. announced a new business plan, AI computing infrastructure, just before it planned to close down for good. The company's stock went up as much as 461% after the opening bell in reaction to the announcement.
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On this episode of Stock Movers:
- Bank of America (BAC) shares gain. Bank of America Corp.’s stock-trading desk set a record, riding a wave of volatility that helped push the bank’s earnings to the highest in nearly two decades. Revenue from equity trading climbed 30% to $2.8 billion in the first quarter, while fixed-income trading rose less than 1% to $3.5 billion.
- Broadcom (AVGO) shares rise. The chipmaker expanded its partnership with Meta to support the technology giant's AI compute infrastructure.
- Hermes ADRS fall. Hermès shares tumbled as much as 14% as the disruption from the conflict in the Middle East dented the Birkin bag maker’s sales growth, showing that even the luxury goods industry’s most-resilient player is feeling the effects.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Snap (SNAP) is laying off roughly 1,000 full-time employees, or 16% of its global workforce, as part of an effort by Chief Executive Officer Evan Spiegel to reduce costs and achieve profitability.
- Broadcom (AVGO) shares rise after the technology company expanded its partnership with Meta to deploy AI infrastructure. Shares in the Facebook parent edge higher, up 0.3%.
- Exchange stocks are rising in premarket trading after the US Securities and Exchange Commission approved a plan to remove $25,000 minimum equity requirements for day traders.
See omnystudio.com/listener for privacy information.